Bitcoin price rises amid news from El Salvador

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The cost of bitcoin on the Binance crypto exchange in three hours increased by 5% and reached $ 34.5 thousand.The capitalization of the digital coin, according to CoinGecko, increased to $ 643 billion.This happened after the first country in the world recognized bitcoin as an official means of payment. The corresponding decision was made by the Parliament of El Salvador, RBC Crypto reports.

In the near future, the new law is to be signed by the country’s President Nayib Bukele. 90 days will be given to create infrastructure for payments in cryptocurrency.

Acceptance of bitcoins for payment will become mandatory in the country. The head of El Salvador stressed that the cryptocurrency will be legal tender along with the US dollar. The government also plans to create an official crypto wallet, and will store $ 150 million worth of bitcoins in it in a trust fund based on the Development Bank of El Salvador to ensure the automatic and instant exchange of BTC for the US dollar.

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